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675 Heather Drive
About This Property
The main level features 3,114 sq ft of gracious living with wood floors throughout the main areas, a large great room with fireplace, a formal dining room, and an expansive remodeled kitchen showcasing a second fireplace, sitting area, oversized island, and generous breakfast space. A stunning sunroom opens to a huge partially covered deck, perfect for year-round entertaining.
The finished 1,815 sq ft lower level provides a complete second living quarters with its own kitchen, bedroom, full bath, family room, and private entrance-ideal for family members, guests, or income-producing potential. An additional 1,299 sq ft of non-HLA space offers exceptional storage, workshop, hobby, or gym possibilities.
Freshly painted and meticulously maintained, this home combines comfort and versatility with unbeatable convenience-just minutes from Lincoln Country Club, major roadways, and local shopping and dining. Enjoy the charm of quaint downtown Lincolnton, known for its great restaurants, community events, and boutique shops, while being close to Lake Norman, Charlotte, and the Blue Ridge Mountains, including South Mountain State Park and the North Carolina foothills.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$849,900
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 2, 2026 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Aug 8, 2026 | Listed by Lake Norman Realty, Inc. | $900,000 | |
| Listed by Lake Norman Realty, Inc. | |||
| Jul 8, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 19, 2026 | Price Increased |
$849,900
↑ $900
(0.1%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017